马年春节的烟火落幕，商用车行业蓄势待发。2月以来，一批聚焦货车司机权益保障、加快智能网联汽车路测应用、完善新能源重卡充 换电网络布局等新政密集落地，为2026年商用车市场的高质量发展注入了强劲动能。 进入3月份，具体有哪些影响商用车行业的新政将实施？一起来看看。 全国政策 交通部：调整部分道路运输从业人员年龄要求 2月13日，交通运输部发布关于修改《道路运输从业人员管理规定》的决定，并根据本决定作相应修改，公布新版《道路运输从业人员 管理规定》。其中指出，将经营性道路客货运输驾驶员、道路危险货物运输从业人员、驾驶操作教练员等相关道路运输从业人员年龄要 求统一调整为"年龄不超过63周岁"，自2026年3月20日起施行。 两部门：规范网络货运承运平台管理 1月下旬，交通运输部、国家税务总局印发《网络货运承运平台经营管理办法》。《办法》是对《网络平台道路货物运输经营管理暂行 办法》的修订，包括强化货车司机权益保障、优化平台纳税服务、强化数字监管要求、完善部门协同监管机制等内容。《办法》自印发 之日起实施。 交通部：发布《氢气（含液氢）道路运输技术规范》 2025年9月15日，交通运输部发布《氢气（含液氢）道路运输技 ...

Summary of Conference Call Records on Commercial Vehicle Industry Industry Overview - The commercial vehicle industry is experiencing a recovery phase, particularly in the heavy-duty truck (重卡) segment, driven by the "old-for-new" policy which is expected to continue into 2026. [1][2][7] Key Points on Heavy-Duty Trucks - **Sales Growth**: In 2025, heavy-duty truck wholesale sales reached 1.144 million units, a year-on-year increase of 26.8%. Registration volume was 799,000 units, up 32.7%. [1][4] - **Export Performance**: Heavy-duty truck exports totaled 341,000 units in 2025, marking a 17.4% increase. Key growth regions include Southeast Asia, the Middle East, and Africa, with Nigeria showing significant growth. [1][5] - **Fuel Structure Changes**: Diesel truck demand is declining, while natural gas truck penetration is stabilizing. New energy heavy-duty truck sales reached 229,000 units, up 182%, with a penetration rate of 28.8%. [1][6] - **Market Dynamics**: The heavy-duty truck market is characterized by high concentration, with the top four companies maintaining a market share of approximately 90%. China National Heavy Duty Truck Group leads with a market share of 20%-30%. [5] Key Points on Buses - **Sales Trends**: The bus industry is entering a new cycle characterized by stable domestic demand and high export growth. In 2025, wholesale sales of large and medium buses reached 122,000 units, a 5% increase, while exports grew by 34.6% to 59,000 units. [1][2][3] - **New Energy Buses**: The export of new energy buses is rapidly increasing, with a projected growth of 34% in 2026. [3][12] - **Market Recovery**: The bus market is expected to see a dual resonance of export and domestic sales, with a forecasted growth of 20% in wholesale volume to 146,000 units in 2026. [12][13] Investment Recommendations - **Heavy-Duty Trucks**: Focus on leading companies with advantages in both export and new energy sectors, such as Weichai Power and China National Heavy Duty Truck Group. [2][18] - **Buses**: Look for companies with strong export capabilities and product advantages, such as Yutong Bus and King Long. [2][18] Risks and Challenges - Potential risks include changes in commercial vehicle policy subsidies, uncertainties in global demand, and fluctuations in raw material prices affecting industry profits. [21] Additional Insights - The heavy-duty truck market is expected to benefit from the natural scrapping of older vehicles and supportive policies, which will enhance domestic demand. [7][17] - The bus market is projected to recover steadily, driven by policy support and increasing export opportunities, particularly in Europe and Latin America. [14][16] This summary encapsulates the key insights and projections for the commercial vehicle industry, highlighting growth opportunities and potential risks.

转自：前瞻产业研究院 以下数据及分析来自于前瞻产业研究院新能源客车研究小组发布的《中国新能源汽车行业市场前瞻与投 资战略规划分析报告》 新能源客车是当前我国汽车行业企业在新能源领域研发生产和竞争的重点领域之一。近年来在国家不断 出台鼓励新能源客车发展政策的情况下，国内新能源客车市场得以快速发展。目前，我国新能源客车产 业的上市公司数量较多，分布在各产业链环节。其中，涉及核心的新能源客车整车制造的上市公司主要 有宇通客车、中通客车、亚星客车、安凯客车、福田汽车、金龙汽车、比亚迪、东风汽车、长安汽车 等。 | 产业链环节 | 公司简称(股票代码) | 要点 | 关联度 | | --- | --- | --- | --- | | | 首钢股份(000959.SZ) | 具备完整的钢材生产工艺流程,高端板材产品处于国内 领先地位 | ★ | | | 包钢股份(600010.SH) | 中国重要的钢铁工业基地、世界主要的稀土工业基地 | ★ | | | 赣铬锂业(002460.SZ) | 全球第三大及中国前列的锂化合物生产商及全球前列的 | ★ | | 基础原材料 | | 程化出壁巡 | | | | 天著股份(6052 ...

净利承压下，安凯客车半年之内遭安徽省投资集团两度减持。 2月25日，安凯客车发布公告，持股5%以上股东安徽省投资集团（下称"省投资集团"）在2025年11月27日至2026年2月24日通过集中竞价交易减持220万股， 占公司总股本的0.23%。据计算，省投资集团本次减持金额约1105.14万元。 | 股东名称 | 減持方式 | 減持期间 | 减持均价 | 減持股数 | 候 | | --- | --- | --- | --- | --- | --- | | | | | (元/股) | (股) | | | 安徽省投资 | 集中竞价交易 | 2025年11月27日 | 5. 03 | 2, 197, 100 | | | 集团控股有 | | -2026年2月24日 | | | | | 限公司 | 合计 | | 5.03 | 2, 197, 100 | | 值得注意的是，省投资集团在短短半年的时间内已实施两次减持，累计套现约6592万元。2025年8月26日至2025年9月15日，省投资集团减持了939.51万股， 占公司总股本的1%，减持金额约5486.74万元。 资料显示，安徽安凯汽车股份有限公司于1997年7月2 ...

本报记者 李 强 "下线的每一辆客车都要完成30公里的道路测试。"路试检验员乔建强告诉记者，为适应当地道路与气候 条件，工厂在零部件匹配、耐寒性能测试、整车调校等环节都进行了针对性优化，最后的道路测试是新 车安全的重要保障，"要让每一辆客车都经得起考验，跑得稳、用得久。" "今天是除夕，祝大家新春快乐!节日里辛苦大家继续坚守岗位，守护好每一辆客车的安全生产。"哈萨 克斯坦宇通工厂生产经理李炫臻在晨会上说。这是他第一次在海外过春节，面对阿拉木图公交集团的 110辆客车订单，他意识到自己承担着重要的生产责任，"客户的信任就是我们的最大动力。" 生产车间里，焊接火花跃动，工人们熟练地进行部件安装与线束检查，刚完成调试的一辆新能源公交车 驶下产线。总装车间中方技术骨干王金明介绍，哈方工人已掌握技术要领，能够充分执行各个生产环节 技术要求，"我们在当地培养出了一批成熟的技术骨干，可以放心地把生产任务交给他们。" 今年是哈方员工阿西姆古丽在工厂工作的第二个年头。见到中国同事，她笑着用中文送上祝福："过年 好!""宇通工厂让我们亲眼见证了中国速度，能参与为哈萨克斯坦制造新客车，我感到很自豪。"阿西姆 古丽说。 下班后，中方 ...

结束了一天繁忙的工作，李炫臻与远在中国的父母进行视频通话，当说出"爸妈，春节快乐"的那一刻， 他的眼眶已被泪水湿润。 "下线的每一辆客车都要完成30公里的道路测试。"路试检验员乔建强告诉记者，为适应当地道路与气候 条件，工厂在零部件匹配、耐寒性能测试、整车调校等环节都进行了针对性优化，最后的道路测试是新 车安全的重要保障，"要让每一辆客车都经得起考验，跑得稳、用得久。" 今年是哈方员工阿西姆古丽在工厂工作的第二个年头。见到中国同事，她笑着用中文送上祝福："过年 好！""宇通工厂让我们亲眼见证了中国速度，能参与为哈萨克斯坦制造新客车，我感到很自豪。"阿西 姆古丽说。 下班后，中方员工邀请几名哈萨克斯坦朋友一起准备年夜饭。大家围坐在一起，互道祝福、聊家常，有 人举起手机记录下海外的温情瞬间，也有人把自己在宇通工厂工作的照片发到朋友圈，写下"在哈萨克 斯坦过春节"的特别纪念。 厂区门口挂上大红灯笼，窗上贴着"福"字和中国传统特色剪纸，车间里机器轰鸣，一片繁忙景象……位 于哈萨克斯坦卡拉干达州萨兰市的宇通工厂内，一条条装配线有序运转，工位上的中哈员工忙碌而专 注。 "今天是除夕，祝大家新春快乐！节日里辛苦大家继续坚守 ...

Group 1 - The company, Yutong Bus (600066), is actively monitoring global new energy policy developments in its key target markets [1] - The company is committed to taking appropriate actions in response to these policy changes [1]

Core Insights - The core focus of the articles is on the rapid development of the new energy vehicle (NEV) industry in Henan Province, China, which has been recognized as a key area for growth within the advanced manufacturing sector, aiming to create a trillion-yuan industry cluster [1][10]. Group 1: Industry Growth and Achievements - Henan has integrated NEVs into its key manufacturing clusters, leading to a significant increase in production, with an expected output of 681,000 vehicles in 2024, representing a 117.3% year-on-year growth [1]. - The province's NEV exports are projected to reach 30.87 billion yuan in 2025, marking a growth of over 253% [1]. - Yutong Bus, a leading company in Henan, achieved a record of 49,518 bus sales in 2025, with a 5.54% increase, and 18,356 of these being new energy buses, reflecting a 22.94% growth [3]. Group 2: Technological Advancements and Innovations - Yutong Bus invests over 5% of its revenue annually in R&D, leading to innovations such as a battery management system capable of operating in extreme temperatures [3]. - The collaboration with CATL in Luoyang has established a battery production base that is among the top globally, producing battery cells at a rapid pace [7]. - Companies like Zhonghang Lithium Battery and LYC have developed advanced technologies and products that support the NEV supply chain, enhancing local production capabilities [8]. Group 3: Collaborative Ecosystem and Supply Chain Development - Yutong Bus has fostered collaboration with over 290 local suppliers, achieving a local supply rate of 41% [4]. - The establishment of a "10-minute industrial circle" in Luoyang has facilitated rapid development of related industries, including battery manufacturing and precision components [7][8]. - The government has implemented supportive policies and a "chief service officer" mechanism to enhance the business environment for NEV companies [9]. Group 4: Strategic Vision and Future Outlook - Henan aims to transition from a major automotive province to a strong automotive province by leveraging its full industrial chain and ecosystem [10]. - The province's strategic planning includes appointing the provincial governor as the leader of the NEV and intelligent connected vehicle industry chain, ensuring high-level support for development [9][10]. - The overall vision is to position Henan as a global player in the NEV market, with a comprehensive approach to industry development [5][10].

股票简称：曙光股份 证券代码：600303 编号：临 2026-004 辽宁曙光汽车集团股份有限公司 2026 年 1 月产销数据快报如下： 单位：辆 | | | 产品名称 | | 月度对比 | | | 年度对比 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 本月 | 去年同期 | 增减% | 本年累计 | 去年累计 | 增减% | | | | 客车 | 5 | 0 | - | 5 | 0 | - | | | | 皮卡 | 264 | 30 | 780.00% | 264 | 30 | 780.00% | | 产 | 整车 | 特种车 | 12 | 2 | 500.00% | 12 | 2 | 500.00% | | 量 | | 合计 | 281 | 32 | 778.13% | 281 | 32 | 778.13% | | | | 其中：新能源客车 | 5 | 0 | - | 5 | 0 | - | | | 其他 | 客车非完整车辆 | 0 | 0 | - | 0 | 0 | - | | | 汽车零 | 车桥（支） | ...

Core Viewpoint - Shuguang Co., Ltd. reported a total of 48 vehicle sales and 281 vehicle production in January 2026, indicating a significant decline in sales compared to the previous year [1] Group 1: Sales Performance - The cumulative vehicle sales for January 2026 were 48 units, representing a year-on-year decrease of 44.19% [1] - The sales of new energy buses amounted to 5 units, whereas there were no sales in the same period last year [1] Group 2: Production Metrics - The total vehicle production for January 2026 reached 281 units [1]